Home / Knowledge / News / Apparel/Garments / Iberian clothing sales to dip 3.5% this year: DBK Report
Iberian clothing sales to dip 3.5% this year: DBK Report
09
Oct '13
The total clothing sales in the Iberian market, which includes Spain and Portugal, is expected to decline by about 3.5 percent year-on-year to €20.200 billion, according to a study recently published by DBK, a subsidiary of Informa D & B (Group CESCE).
 
The study says that apparel revenues in Spain would decrease by 3 percent to €16.850 billion, while there would be a dip of 5 percent in Portugal.
 
According to DBK, the value of clothing retail sales in the Iberian market fell to €20.935 billion in 2012, down 3.6 percent year-on-year. Of these, sales in Spain stood at €17.400 billion, down 3.1 percent, while sales in Portugal were €3.535 billion, down 6.2 percent.
 
The fall in retail clothing sales in Spain and Portugal last year was due to a decrease in consumption of households, the drop in prices resulting from the implementation of promotions and discounts by retail stores, and the growing demand for low-priced products.
 
The sales of clothing products from department stores, hypermarkets and supermarkets recorded a decline of 4.2 percent in 2012.
 
However, specialized chains benefited from the gradual change in the buying habits and their greater ability to offer innovative products at lower prices. But, these chains too witnessed a drop of 2 percent in their revenues last year.
 
The decline in household spending, associated with the high level of unemployment and economic uncertainty, continue penalizing sales in the short-term, both in Spain and Portugal, says the study.
 
In late 2012, nearly 75,000 points of sale specialized in clothing retail were operating in the Iberian market, of which, 80 percent were located in Spain and the remaining 20 percent were in Portugal.
 
Catalonia, Andalusia and Madrid account for almost half of the total number of clothing retail establishments in Spain, whereas in Portugal the largest number of apparel retail stores are located in the northern zone.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X